For the kind attention of members Guidance Note on Tax Audit Under Section 44AB of the Income-tax Act, 1961Changes approved subsequent to the publication of the Supplementary Guidance Note.For further details on the guidance note click on the followi
Individual tax payers may be in for some cheer. The tax-free investment limit for individuals may soon be hiked from the present Rs 1 lakh to Rs 1.5 lakh. The proposal that the government is deliberating has a condition though: the additional Rs 50,0
Help Line Desk - Do you have any query about NOVEMBER, 2007 examination? The Help Line Desk will be functional from 10th October to 6th November, 2007 for 24 hours on all days (inclusive of holidays and Sundays) to attend to any query relating to the
Uploading of Returns & 44AB Audit Reports The report of audit under section 44AB is not to be attached with the return.It should not be furnished separately also before or after the due date.However, an assessee should get the report of audit from a
After the success of large tax payer unit (LTU) at Bangalore, the Income Tax Department is keen on setting up the facility in Mumbai, which accounted for 40 per cent of the total direct tax collections. "IT Department, Mumbai region, will be organisi
IT companies may be struggling to cope with a rising rupee, but their tax payments are on an upswing. The total advance tax collection from IT companies in September grew by 110% to Rs 507 crore from Rs 242 crore in September, 2006. September 15 was
(PTI) Government today notified refund of tax paid by exporters on three additional services of general insurance, technical testing and analysis, and inspection and certification -- a move that will provide much- needed respite to businesses hit by
Considering the disruption caused by floods in the State of Bihar, the Central Board of Direct Taxes, in exercise of powers conferred under Section 119 of the Income Tax Act, 1961, hereby extends the due date for filing of returns required to be furn
Here is something to cheer up exporters. The finance ministry is ready to include more items in the list of services for which exporters are to be refunded service tax. In addition to just four services notified by the finance ministry last month to
The Institute of Chartered Accountants (ICAI), a statutory body for regulating chartered accountants in the country, has tied up with retail major Provogue to provide a dash of colour and style to the profession. "A professional should be identified
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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